8 of 8 Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Debits Credits $11,500 6,300 Supplies 2,300 Equipment 18,500 Accumulated Depreciation $ 6,400 Salaries Payable Common Stock Retained Earnings Totals 8,900 16,500 6,800 $38,600 $38,600 The following is a summary of the transactions for the year: 1. March 2. May 3. June 4. August 12 Provide services to customers, $43,000, of which $19,300 is on account. 2 Collect on accounts receivable, $16,300. 30 Issue shares of common stock in exchange for $4,000 cash. 1 Pay salaries of $8,900 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,300. 6. October 19 Purchase equipment for $6,300 cash. 7. December 30 Pay $1,200 cash dividends to stockholders. 7. Prepare an adjusted trial balance. Answer is complete but not entirely correct. RED STORM CLEANERS Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Dividends Service Revenue Adjusted Trial Balance December 31, 2021 Debit $ 30,800 Salaries Expense Repairs and Maintenance Expense Depreciation Expense Supplies Expense Totals 9,300 - 2,300 x 24,800 Credit 6,400 20,500 9,800 1,200 43,000 0 11,300 0 0 $ 79,700 S 79,700